Reuters reveals ECB ready to set up money exchange for Ukrainian refugees with EU guarantee

Reuters exclusively revealed that the European Central Bank is ready to organise a scheme for millions of Ukrainian refugees to exchange their hryvnia currency into euros if the EU gives the ECB a guarantee that would cover the bank’s risk. Almost 4 million Ukrainians have fled the Russian invasion into the EU but they face problems with exchanging money because few banks want to buy the currency of a country engulfed by war.